U.S. House Speaker McCarthy to address debt ceiling ahead of Biden speech
By David Morgan
WASHINGTON, Feb 6 (Reuters) -Republican U.S. House Speaker Kevin McCarthy, locked in a standoff with Democratic President Joe Biden over raising the nation's $31.4 trillion debt ceiling, plans to address the issue on Monday ahead of Biden's annual State of Union address.
McCarthy, who has said he expects to meet with Biden a second time after sitting down with the president at the White House last week, plans to speak at 5:30 p.m. (2230 GMT) from his office in the House of Representatives.
The timing would allow him to get out in front of Biden on the debt ceiling, while reinforcing McCarthy's role as the leading congressional negotiator in talks with the White House, according to a person familiar with the matter. His party holds a narrow majority.
House Republicans want to use the debt ceiling, which covers the costs of spending programs and tax cuts previously approved by Congress, as leverage to push spending cuts, after two years during which Biden's Democrats controlled both the House and the Senate.
Biden is likely to address the debt ceiling, the U.S.-led pushback against Russia's invasion of Ukraine, and his desire to overcome political divisions in the United States during his Tuesday night address to a joint session of Congress, which could give the president his largest television audience of the year.
Biden seemed to question McCarthy's ability to keep Republicans in line last week, calling McCarthy "a decent man, I think," but noting the concessions he made to become speaker in January. Those included changing a rule of the chamber to allow any member to call for a vote that would remove him.
Despite what appears to be a standoff, McCarthy emerged from a meeting with Biden last week saying he believed the two could find common ground.
A day later, McCarthy and Biden sat next to each other at the National Prayer Breakfast, and the speaker later told reporters that the president had agreed to meet again.
White House press secretary Karine Jean-Pierre said that the White House had been in touch with McCarthy's staff on next steps. She declined to say when the two would speak again.
FACTBOX-The U.S. Treasury's tools to avoid breaching debt limit nL1N34A1BD
EXPLAINER-Washington creeps toward a debt catastrophe, againnL1N33W21P
EXPLAINER-Shutdown? Default? Washington's risky new debt ceiling standoffnL1N34511P
FACTBOX-U.S. House Republicans' many proposals for spending cuts in debt-ceiling debatenL1N34G2IZ
FACTBOX-U.S. debt ceiling: A straightforward vote is not the usual pathnL1N34H2YW
GRAPHIC: Understanding the debt ceilinghttps://www.reuters.com/graphics/USA-DEBT/HISTORY/znvnbkznlvl/index.html
GRAPHIC: U.S. government approaches its debt ceiling againhttps://tmsnrt.rs/3QPgeLl
FACTBOX: Possible workarounds to avoid defaultnL1N34H1BW
FACTBOX-When might the U.S. default? Timeline of key events in debt limit battlenL1N3491VY
Reporting by David Morgan; Editing by Scott Malone and Jonathan Oatis
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